Mps Charitable Foundation
- Assets
- $6.3m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4401595
Organization Overview
Mps Charitable Foundation is located in Kirkland, WA. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mps Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernie Blegen Director | 1 | $0 | |
Michael Hsing Director | 1 | $0 | |
Saria Tseng Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,600,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,600,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $346,000 |
| Total expenses and disbursements | $346,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,304,000 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,304,000 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mps Charitable Foundation has awarded $346,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL UNIVERSITY PURPOSE: GENERAL SUPPORT | $80,000 |
LEIGH HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
SEATTLE SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $30,000 |
SECOND HARVEST OF SILICON VALLEY PURPOSE: GENERAL SUPPORT | $60,000 |
VIRGINIA MASON FRANCISCAN HEALTH PURPOSE: GENERAL SUPPORT | $150,000 |
VISION HOUSE PURPOSE: GENERAL SUPPORT | $5,000 |